Latin America and the Caribbean: Silicates Market 2024

Silicates Market Size in Latin America and the Caribbean

The Latin American silicates market was estimated at $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Silicates Production in Latin America and the Caribbean

In value terms, silicates production rose modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Silicates Exports

Exports in Latin America and the Caribbean

In 2022, exports of silicates, commercial alkali metal silicates in Latin America and the Caribbean reached X tons, with an increase of X% on 2021. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, silicates exports rose markedly to $X in 2022. Over the period under review, exports enjoyed tangible growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Brazil was the main exporter of silicates, commercial alkali metal silicates in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. The Dominican Republic (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (X%). Mexico (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to silicates exports from Brazil stood at X%. At the same time, the Dominican Republic (X%) and Colombia (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and the Dominican Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Colombia and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest silicates supplying countries in Latin America and the Caribbean were Brazil ($X), Colombia ($X) and Mexico ($X), together accounting for X% of total exports. The Dominican Republic lagged somewhat behind, comprising a further X%.

The Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

Silicates Imports

Imports in Latin America and the Caribbean

In 2022, the amount of silicates, commercial alkali metal silicates imported in Latin America and the Caribbean totaled X tons, growing by X% compared with 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, silicates imports skyrocketed to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Guatemala (X tons), Brazil (X tons) and the Dominican Republic (X tons) was the largest importer of silicates, commercial alkali metal silicates in Latin America and the Caribbean, comprising X% of total import. El Salvador (X tons) took the next position in the ranking, followed by Panama (X tons), Ecuador (X tons) and Mexico (X tons). All these countries together held near X% share of total imports. The following importers - Costa Rica (X tons), Bolivia (X tons), Haiti (X tons), Colombia (X tons), Turks and Caicos Islands (X tons) and Argentina (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turks and Caicos Islands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates importing markets in Latin America and the Caribbean were Guatemala ($X), Brazil ($X) and the Dominican Republic ($X), together comprising X% of total imports. Mexico, El Salvador, Panama, Ecuador, Colombia, Costa Rica, Bolivia, Argentina, Haiti and Turks and Caicos Islands lagged somewhat behind, together accounting for a further X%.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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